S&P 500 bull market now arguably the oldest ever

Traders work on the floor of the NYSE in New York

The U.S. stock market on Wednesday set a record for the longest-running upswing in its history, fueled largely by the rise of superstar technology companies and an unprecedented era of cheap money from low-interest rates.

Wall Street stocks retreated on Thursday (Aug 23), with markets eyeing US-China trade talks while President Donald Trump warned of dire economic consequences from his impeachment.

The Dow Jones Industrial Average fell 88 points, or 0.3 percent, to 25,733. Cramer said bull markets tend to die when investors are too euphoric over stocks.

Retailers were in focus again and several of them were moving after reporting their latest quarterly results.

The S&P 500 .SPX rose as much as 0.6 percent to a record intraday high of 2,873.23 points, topping its previous record high of 2,872.87 on January 26, though it closed below both those marks.

The S&P 500 energy index rose 0.5% and the S&P 500 materials index gained 0.4%, in tandem with higher prices for oil and metals.

The Russell 2000 index of smaller-company stocks gave up 5.49 points, or 0.3 percent, to 1,717.05.

Whether it be gridlock in Congress, government shutdowns, global trade wars or major health care reforms, the S&P 500 trudged higher through it all.

Chelsea Star Celebrates Arsenal Win With Passionate Message To Fans
However, many of them will be able to breathe a sigh of relief, for now, after Hazard has confirmed his immediate future. But Chelsea boss Sarri has warned fans that it may take a while before Kovacic plays the full match.

Investors are weighing new remarks from Federal Reserve Chairman Jerome Powell, who says he expects the Fed to gradually raise interest rates if the US economic expansion remains strong.

The S&P 500 index fell 1.14 points, or 0.04 percent, at 2,861.82.

The criticism comes ahead of the release of the Fed's minutes of its August policy meeting on Wednesday, which is expected to reaffirm its confidence in the USA economy and its commitment to future rate hikes.

Medtronic rose 4.6 percent after the medical device maker's profit beat estimates. For the year, it's now up 7 percent.

Online brokers Charles Schwab, E*Trade Financial and TD Ameritrade tumbled between 3.5 percent and 6.4 percent after CNBC reported JPMorgan planned to roll out a free digital brokerage service next week. The yield on the 10-year Treasury note held steady at 2.82 percent.

However, most media outlets, including The Associated Press, agree with the S&P and Dow Jones Indices' conclusion that the current bull market is about to become the longest of all time.

The Dow is up 64.28 points, or 0.3 percent.

Related News:

  • United States  sanctions Russian shipping companies

    United States sanctions Russian shipping companies

    Still, the Russian president said his summit with President Trump in Helsinki last month was productive. Any new sanctions would require unanimity among all 28 member states.
    Turnbull Dutton Leadership Vote

    Turnbull Dutton Leadership Vote

    Australian Prime Minister Malcolm Turnbull has survived a challenge to his leadership by a senior government colleague. Mr Turnbull asked Mr Dutton to stay on in Cabinet, but it's understood he told him it would be untenable.
    Tesla shares down 8 percent after Musk's freaky  interview

    Tesla shares down 8 percent after Musk's freaky interview

    The controversy over the August 7 tweet is among several Musk, who also runs aerospace company SpaceX, has weathered this year. Last year, the company only made 2,700 Model 3s, compared with 20,000 predicted by Musk last year.
  • Arsenal record first competitive win under Emery

    Arsenal record first competitive win under Emery

    Arsenal are set to be without Mesut Özil for this afternoon's clash against West Ham at the Emirates, according MailOnline . In the first half we conceded a lot of chances. "We need to add points, but we are going to continue searching".
    Two Trump lieutenants found guilty, president implicated

    Two Trump lieutenants found guilty, president implicated

    When the judge questioned the juror, she told him, "What I meant was that it would be really hard to have to defend against that". Manafort's conviction on eight tax fraud and bank fraud charges is, without a doubt, a boon to Mueller's team of prosecutors.
    Nvidia’s New RTX Graphics Cards Run $600 to $1200

    Nvidia’s New RTX Graphics Cards Run $600 to $1200

    Nvidia has also opened pre-orders on the Founder's Editions of the 2080s. There's also no word yet on the availability of the GeForce RTX 2070 .
  • Zimbabwe faces uncertain future after court confirms Mnangagwa’s victory

    Zimbabwe faces uncertain future after court confirms Mnangagwa’s victory

    The nine judges delivered the unanimous verdict at the court amid tight security, though no protests were reported after the case. President Emmerson Mnangagwa narrowly avoided a second-round run-off when he took 50.7% of the vote.
    Reactions to the death of U.S. Senator John McCain

    Reactions to the death of U.S. Senator John McCain

    For the 2008 election, McCain once again made a bid for the White House, but was defeated by then Democrat Senator Barack Obama . But all of us can aspire to the courage to put the greater good above our own.
    Mollie Tibbetts' Murder Suspect Cristhian Rivera Makes First Court Appearance | Crime Time

    Mollie Tibbetts' Murder Suspect Cristhian Rivera Makes First Court Appearance | Crime Time

    Kim Reynolds said residents "are angry that a broken immigration system allowed a predator like this to live in our community". Politico cites Trump's appearance at a campaign rally, where he called Rivera "that illegal alien from Mexico".
  • Draw for US Open announced

    Draw for US Open announced

    Spaniard Garbine Muguruza ($11 million) and Russian Maria Sharapova (USD 10.5 million) rounded out the top five. Top seed Halep faces Estonia's Kaia Kanepi while Danish world number two Caroline Wozniacki meets former U.S.
    Trump calls Russia probe

    Trump calls Russia probe "McCarthyism at its 'WORST'"

    Meanwhile, the president informed the news agency that he hasn't decided if he'll answer the special counsel's questions. In a tweet Saturday night, Trump said he allowed and encouraged McGahn's cooperation with the special counsel.
    'Truth isn't truth': Giuliani weighs risks for Trump in possible Mueller interview

    'Truth isn't truth': Giuliani weighs risks for Trump in possible Mueller interview

    Giuliani accused the special counsel of being "desperate" and leaking McGahn's cooperation "illegally" to the New York Times . Giuliani, speaking on Fox News, repeated his concern about investigators' potential approach to a Trump interview.

Most liked

'Disappointed' South Africa summons US envoy for Trump tweet
Violent crime is a serious problem across South Africa , but farm murders are now at a 20-year low. The world spotlight is on land expropriation plans in South Africa .

DFA tells Filipinos in Hawaii to brace for ‘Hurricane Lane’
Currently, Lane is sustaining winds of over 130 miles per hour , and the storm's center could possibly make landfall on Friday. On the island of Oahu, which was put on a hurricane warning late Wednesday , shelters were scheduled to open Thursday.

Australian PM refuses to concede, dangles second leadership ballot
Meanwhile, Treasurer Scott Morrison has steadied as the third favoured option for betting agencies, third in all six. Malcolm Turnbull speaking to media at Parliament House in Canberra yesterday.

Trump Gets Involved With SA Land Seizures And Farm Killings
The news channel likened the situation in South africa to the violent land grab done by Robert Mugabe in neighbouring Zimbabwe . European colonists stripped most of South Africa's black natives of their right to own property under a 1913 law.

Messi Misses Out As UEFA Reveal Nominees For Player Of The Year
Luka Modric helped his nation reach the final of the 2018 World Cup in Russian Federation where he won the Golden ball award. The victor will be announced on August 30 in an official UEFA ceremony, which will also involve a draw for the group stages.

Taliban fighters kidnap over 100 people after buses ambushed
Zabihullah Mujahid, a spokesman for the insurgent group, said it was still discussing it and would announce its decision soon. The quick response marked a rare if limited battlefield success for the troops after weeks of unrelenting insurgent attacks.

More than two million Muslims begin annual hajj pilgrimage
Nearly 14,000 global and domestic flights have so far transported pilgrims with around 21,000 buses also used. Meanwhile, a Saudi-led war in Yemen against Iran-backed Shiite rebels drags on without an end in sight.

Manchester United's Alexis Sanchez in fitness battle to face Tottenham
Mourinho will have Nemanja Matic and Antonio Valencia at his disposal once again after the duo returned to training this week. After Spurs, United face Burnley, Watford, Wolverhampton Wanderers and West Ham United in September.

Trump speechwriter fired amid scrutiny of appearance with white nationalists
Trump began his diatribe by condemning the New York Times' report that White House counsel Donald F. They just have big, loud mouths, and we don't want to put up with that.

Indonesian island of Lombok struck with two earthquakes less than 24 hours
Indonesia , a sprawling archipelago that straddles the Pacific " Ring of Fire ", is prone to earthquakes and volcanic eruptions. Almost 100 houses near the epicentre were also severely damaged, the disaster agency said. "People started to scream and cry".

Stormy Daniels walks out of UK's Celebrity Big Brother
In May, Trump said Daniels was paid to stop "false and extortionist accusations" she made about a sexual encounter with him. Moore told viewers of Loose Women: "There was a custody development with her daughter late last night".

Deontay Wilder agrees to fight Tyson Fury this year
If he ever even thinks about having this belt he better wake up and apologize to me because it will never happen. I'm not going to be denied'. "I could've stood there and traded with him but I didn't need a one-round knockout.

Asia Argento allegedly settled with sex assault accuser
As part of the deal, Bennett, now 22, agreed to give Argento the photograph and its copyright, the paper reported . The legal notice was reportedly sent to Anthony Bourdain's lawyer, who was representing Argento at the time .

Vatican Responds With 'Shame and Sorrow' on 'Predator Priests' Report
Cardinal Theodore Edgar McCarrick smiles during an interview with Reuters at the North American College at the Vatican February 14, 2013.

Heavy Sniper Rifle, Soaring 50s LTM, and More!
Impulse Grenades also have a higher drop rate from chests, and will spawn as floor loot to take advantage of the new gliding. Three new weapons have been found in the " Fortnite Battle Royale " game data, and one of these weapons is a Rail Sniper .